Elements and Performance Criteria

RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Micro and small businesses may include:
community owned and/or run businesses
family owned and/or run businesses
franchise
government owned business
sole trader owned and/or run business
other such forms of small businesses which meet the accepted definition of a small business
Range of sources may include:
Australian Bureau of Statistics
business advisors
business incubators
business people
business/trade associations
friends, family and community
government agencies
internet
local government
market research publications
mentors
teachers
Personal commitments, expectations and capabilities may include:
community commitments and expectations
cultural values, behaviours and expectations
current and preferred lifestyle
customer expectations
family commitments and expectations
other business interests or employment
own financial background, commitments and aspirations
personal motivation and entrepreneurship
personal principles and ethics
time commitments and availability
Business information and terminology may include:
terms frequently used in business such as:
balance sheet
cost
liabilities
margin
mark-up
pricing
profit
return
sales
information relating to businesses such as:
compliance with legislation, regulations and codes of practice
financial management
marketing
information technology (including e-business)
production
quality assurance
Personal skills and knowledge may include:
ability to prioritise obligations and commitments
communication skills both with own community and other communities
cultural knowledge and sensitivities
financial management skills and business knowledge
life skills (including assertiveness)
literacy and numeracy skills
time management
marketing and selling skills
planning skills
positive relationships with family, customers, suppliers, staff and community
self-promotion and self-image
specific industry and local knowledge
Learning opportunities may include:
coaching, mentoring and/or supervision
courses
informal training
personal study
recognition of competence or skills recognition
work experience
workplace training

EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the following is essential:
sound description of the potential micro business opportunity
clear description of own personal and business capabilities
effective matching of personal attributes with micro business opportunities and identification of personal development opportunities
knowledge of learning opportunities and sources of assistance for micro/small business operators.
Context of and specific resources for assessment
Assessment must ensure:
access to relevant documentation
candidate's individual circumstances and work are the basis for assessment.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples are appropriate for this unit:
portfolio of evidence including a short oral or audiovisual presentation
review of personal skills plan
oral or written questioning to assess knowledge of own personal and business capabilities
review of personal capabilities matched with identified business opportunities.
Guidance information for assessment
Holistic assessment with other units relevant to the industry sector, workplace and job role is recommended, for example:
BSBSMB301A Investigate micro business opportunities.